London-based eSports firm Gfinity has purchased Maryland-based eSports tech company CEVO for $2.7 million as it looks to push into North America.
CEVO has developed its own eSports tournament platform complete with tournament management, dynamic broadcasting tools, and an anti-cheat system. Gfinity has been working with the company and its tech for the last three years.
The acquisition will be used to strengthen Gfinity's position in the US and elsewhere in the world. It is looking to expand its reach beyond Europe and the US in the coming years.
A global player
"We are delighted to have acquired one of the most reputable eSports businesses in the industry, which further strengthens our position as a market leader in eSports technology," said Neville Upton, Chief Executive of Gfinity.
"It is also demonstrative of our ambition to become a global player in the industry having previously delivered events in the UK, France, Mexico and USA since the start of this year."
Gfinity is perhaps best known for its dedicated eSports arena in London. The arena played host to the Vainglory Winter Season EU Championship Finals back in March 2016.